Question
**Please Help** Using the following financial statistics, provide the complete balance sheet and sales information for St. Martin Ltd. 1 Liabilities/Equity 30% 2 Immediate liquidity
**Please Help**
Using the following financial statistics, provide the complete balance sheet and sales information for St. Martin Ltd.
1 | Liabilities/Equity | 30% |
2 | Immediate liquidity | 1,1 |
3 | Asset turnover | 2 |
4 | Time to collect on accounts receivable | 40 days |
5 | Gross margin | 40% |
6 | Inventory turnover | 5 times |
Balance sheet (in$)
Cash_________ | Accounts payable_________ |
Accounts receivable_________ | Common Stocks (25 000$) |
Inventories_________ | Non-retirement earnings (40 000$) |
Capital assets_________ |
|
Total assets _________________
Sales __________________
Liabilities and shareholders' equity _________________
Cost of goods sold _________________
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